Top 10 Mistakes to Avoid when Closing on Your Mortgage

Closing on a home is an exciting time, but it’s also important to be careful about finances so as to not derail the closing process. If you want the process of buying your house to go as smoothly as possible, you need to avoid making any major changes in personal credit before closing – this includes changing jobs! This also applies to borrowers refinancing their mortgages.

WE HAVE PROVIDED OUR TOP 10 TIPS ON MISTAKES TO AVOID WHEN CLOSING IN ON YOUR MORTGAGE.

You shall not make any large purchases during the home buying process
You shall not change jobs, become self-employed or quit
You shall not spend any of the the money saved for your down payment or closing costs
You shall not make any large deposits without checking with your Mortgage Broker
You shall not lie on thy application about liabilities or debt
You shall not finance furniture for the house that you are purchasing
You shall not change, open, or close bank accounts
You shall not fall behind on any credit card payments after closing
You shall not allow others to run credit checks
You shall not co-sign a loan for anyone